In an interview with Bloomberg, Mr Mueller said he would not participate in public speculation about the flight’s fate but he was hopeful of getting some answers.

“It’s very important for the whole industry because if that incident cannot be investigated, it would leave a bad impression for the industry as a whole, but particularly for Malaysia Airlines,” said Mr Mueller.

“We assist the investigator in whatever shape or form is necessary to bring that case to a close but unfortunately there is no news at this time.”

He said Malaysia Airlines was now “overcautious” in terms of tracking its aircraft and was going the extra mile to ensure there was never a repeat of the missing 777.

The shipwreck initially thought to be a debris field. Picture: ATSBSource:Supplied

“We do much more than the regulator requires because we have no credit left,” Mr Mueller said.

Industry-wide regulations to improve tracking are not due to be enforced until 2018.

It will be two-years on March 8 since MH370 went missing en route from Kuala Lumpur to Beijing.

There were 239 people on board including six Australians.

No official explanation has been offered for the plane’s mysterious disappearance.

A map showing the priority search area of MH370 in purple. Picture: SuppliedSource:Supplied

A report released by the ATSB late last year revealed the final communication between the plane and an Inmarsat satellite, came as the aircraft “powered up” which normally occurs as fuel supplies are exhausted.

For this reason, the ATSB has suggested it is likely no-one was in control of the aircraft when it crashed into the sea but is unable to say beyond doubt.